Raymond James Financial Services Advisors Inc. lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638,051 shares of the company’s stock after purchasing an additional 38,512 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.05% of The Kraft Heinz worth $54,643,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in KHC. Blue Chip Partners Inc. raised its stake in The Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after buying an additional 8 shares during the period. Martingale Asset Management L P raised its stake in The Kraft Heinz by 0.5% during the 2nd quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after buying an additional 13 shares during the period. Guardian Life Insurance Co. of America raised its stake in The Kraft Heinz by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after buying an additional 16 shares during the period. Ropes Wealth Advisors LLC raised its stake in The Kraft Heinz by 0.4% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after buying an additional 17 shares during the period. Finally, National Asset Management Inc. raised its stake in The Kraft Heinz by 0.5% during the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock worth $408,000 after buying an additional 21 shares during the period. Institutional investors own 61.69% of the company’s stock.

KHC has been the subject of several analyst reports. UBS AG reissued a “buy” rating and issued a $89.00 price objective (down from $97.00) on shares of The Kraft Heinz in a research note on Friday, October 13th. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the stock a “buy” rating in a research note on Sunday, September 10th. BidaskClub raised The Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies raised The Kraft Heinz from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $92.00 to $90.00 in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a research note on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The Kraft Heinz presently has a consensus rating of “Buy” and an average price target of $92.49.

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Shares of The Kraft Heinz Company (KHC) opened at $79.72 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The Kraft Heinz Company has a 12-month low of $75.21 and a 12-month high of $97.77. The stock has a market capitalization of $96,758.55, a price-to-earnings ratio of 22.31, a P/E/G ratio of 2.20 and a beta of 0.43.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the business posted $0.83 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. analysts expect that The Kraft Heinz Company will post 3.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.14%. The Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.

The Kraft Heinz Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

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Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

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